Stocks roared to another day of record highs, climbing steadily through the day and finishing near session highs.
Brent crude rose above $70 a barrel and US crude rose 1.57 percent to $64.58 per barrel, its highest since December 2014, boosted by a surprise drop in USA production and lower crude inventories.
The Treasury move helped push the utilities sector.SPLRCU down 0.6 percent, making it the weakest performer of the S&P 500's 11 sectors.
Earnings from big banks were mixed, with JPMorgan Chase rising 1.7 percent after beating expectations, even as profits were hit by one-time effects of the tax law changes.
Federal Judge Temporarily Blocks Trump's Decision to End DACA
Asked about the ongoing Russian Federation investigation, Mr Trump said it was a "democratic hoax". There are about 780,000 DACA recipients living in the country.
At the closing bell, the Dow Jones Industrial Average stood at 25,574.73, up 0.8 percent.
Earnings for S&P 500 companies are expected to increase on an average by 12.1 percent in the quarter, with profit for financial services companies likely to increase 13.2 percent, according to Thomson Reuters I/B/E/S.
The Nasdaq Composite was up 5.27 points, or 0.07 percent, at 7,217.04.
But Facebook sank 4.5 percent after announcing a plan to update its newsfeed to emphasize posts from friends and family over other content.
Airtel Postpaid, Broadband Customers Gets 1 Year Free Amazon Prime Membership
Vi-Fiber customers need to download the Airtel TV app on their registered mobile number and follow the steps described above. It is to be noted that this offer is only for those Amazon users who do not have a Prime membership.
BlackRock (BLK.N) rose 3.3 percent.
Advanced Micro Devices fell 2.66 percent after the company said its microprocessors are prone to both variants of the Spectre security flaw, days after saying its risk for one of them was "near zero".
Core CPI increased 1.8 percent in the 12 months through December, picking up from 1.7 percent in November.
Advancing issues outnumbered declining ones on the NYSE by a 1.17-to-1 ratio; on Nasdaq, a 1.54-to-1 ratio favored advancers. On the Nasdaq, 2,140 issues rose and 771 fell.
No. 4/4 Michigan State hosts Rutgers on Wednesday at the Breslin Center
Here are a few more helpful Big Ten men's basketball links. "We just couldn't get anything going", Bridges said. Ward was called for a technical when he appeared to trip Wagner during a stoppage in play in the last meeting.